Bonds
The Rise & Fall Of Hyflux Ltd
The Rise & Fall Of Hyflux History reminds us to be prudent with debt It is said that those who cannot learn from history are doomed to repeat it. While history is replete with Read more…
The Rise & Fall Of Hyflux History reminds us to be prudent with debt It is said that those who cannot learn from history are doomed to repeat it. While history is replete with Read more…
It was just another day for me but to the bondholders of Nam Cheong, they must be having a bad day. Yet again, another company within the marine sector hit by financial woes. Now, if I may say so in a way that does not mock, the problem with most investors is that they chase yield without looking at the underlying issuer's finances. And to tell you truthfully, my heart goes out to those affected by Nam Cheong's Bonds. I think, maybe, this is one of those instances that I could talk about as I have some ideas regarding the analysis of bonds. Do note that this is just a "back of the envelope" sort of analysis and we won't be going into a full on in depth credit analysis here. In fact, these sorts of "rough" calculations do shed some light on these matters. (more…)